Tata unveils low-cost 'nano' housing project

Mumbai, May 6: After the TATA Nano, world's cheapest car for common man, now Tata is planning to build low cost houses in Mumbai.

TATA Housing, with a vision to provide quality life spaces to the Indian middle class on Wednesday, May 6 announced to 'Nano' housing for Rs 3.9 lakh-Rs 6.7 lakh. TATA Housing, a subsidiary of TATA Sons, has launched its low-cost housing initiative called the 'Shubh Griha' project.

First Shubh Griha township will come up at Boisar in Mumbai. TATA Housing has tied up with State Bank of India (SBI) and HDFC to help buyers with finance options.

"This is in continuation of the group"s commitment to providing, quality, innovative products for the common man. We observed that since most of the people in the Low Income bracket live away from their families to earn a livelihood in the big cities, there is a large percentage of migrant population with people living in either rented or company provided accommodation," said Brotin Banerjee, the Managing Director and Chief Executive Officer of TATA Housing, while announcing the launch of Shubh Griha.

People can book via Application form booklet available at SBI branches at Rs 200. Booking should be made in next 20-days along with the initial booking amount of Rs 10,000 through bank pay order at selected branches of SBI across mumbai.